Senator Rand Paul (R-Kentucky) says he isn’t ruling out the possibility of running for president in 2016.

The son of former GOP presidential hopeful Rep. Ron Paul (R-Texas), junior senator spoke with ABC News this week and admitted that he’s not necessarily against the idea of vying for the Oval Office during the next election cycle. Before things get too heavy, though, Sen. Paul says the Republican Party has a few problems they’ll need to take care of.

“I’m not going to deny that I’m interested,” Sen. Paul tells ABC’s Jonathan Karl this week, but not before admitting that the GOP could use a little restructuring before he steps up to the plate.

“I think we have to go a different direction because we’re just not winning and we have to think about some different ideas,” says the senator, adding that the rest of his party needs to be more welcoming to new ideas before he aligns himself to a presidential bid.

“We’re getting an ever dwindling percent of the Hispanic vote,” Paul says. “We have to let people know, Hispanics in particular, we’re not putting you on a bus and shipping you home.”

Echoing his father’s routine demands to end the federal war on drugs, Sen. Paul also says to Karl that the Republican Party and the rest of the country needs to catch up with the states of Colorado and Washington, where just this month it became legal to possess small amounts of marijuana.

“I think for example we should tell young people, ‘I’m not in favor of you smoking pot, but if you get caught smoking pot, I don’t want to put you in jail for 20 years,'” Paul says.

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